Friday May 11, 2012
Chris Eng moves to Etiqa Insurance
By Yap Leng Kuen
PETALING JAYA: Chris Eng, the former director/head of research of OSK Research, has joined Etiqa Insurance & Takaful as head of research, investment management division, sources told StarBiz.
After a fruitful career in equities research, Eng is moving on to cover not just equities but also fixed income.
The exposure at Etiqa will likely also cover fund management skills, a growing area of importance within the further development of Malaysia's capital markets. It is also the ambition of the Maybank group, Etiqa's parent, to substantially grow the regional asset management business.
A familiar face among market commentators, Eng has over seven years' experience in the equities market mostly under OSK.
He had started as a senior analyst covering oil and gas, then moved on to be deputy head of research to Kenny Yee, then head of research at OSK.
Yee, currently head of research at BIMB Securities, told StarBiz: “I find Eng highly dependable and trustworthy. Skill wise, he is solid on the sectors and companies that he is covering.”
“He has a pleasant personality and is highly likeable among his peers and colleagues. He was one of my deputies for three years and I am glad that he had excelled during his tenure as the head of research for OSK Investment Bank.
“Having spent so many years on the sell side, maybe it is time for Eng to try it out on the buy side, which I believe should not pose any problems to him.”
Eng, 38, earned his Bachelor of Engineering (Honours) from the University of Leeds and MPhil Engineering from the University of Cambridge.
Among his team's accomplishments at OSK included being voted among the top three most improved research houses in 2009 and 2010 in the Asiamoney brokers' poll; Eng himself was voted the best transport and oil and gas analyst in the 2007 and 2008 The Edge analyst polls respectively.
Prior to OSK, Eng was principal consultant for PA Consulting, where he worked for over three years in projects that included the deregulation of the Singapore electricity market and setting up of the Energy Commission.
Eng had also worked as a control and instrumentation engineer with KTA Tenaga for two years.
He had started his working life as an analyst at Andersen Consulting for a year.